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Biotech / Medical : Biotech & Pharma.T.A,

BIB 79.76

-2.1%

Dec 30 4:00 PM EST

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From: JMarcus	12/10/2004 4:38:28 PM
	Read Replies (1) of 3722

Bernard, have you had a look at INGN's chart? The 3-month chart (up until yesterday's pop) looked like one of steady accumulation. finance.yahoo.com The volume was low during that period, so I wasn't sure that the trend was for real. Apparently it was. Looking at the 4-year chart, I see lots of resistance in the $10 range: finance.yahoo.com Indeed, in premarket trading Thursday, we saw trades above $10, but during regular trading the high was $9.81 yesterday. Zeta believes that the stock is poised to breakout. If that happens, how high would you expect it to go, from a TA perspective? From the $10 resistance level the stock sank to a low of around $3.00 this year. That's a difference of $7. If it breaks through the $10 resistance level, should we expect it go as high to the upside -- i.e., to $17? Marc

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